Using SBM 12.1 I've done this with a single select field, but it does not seem to behave with a multiSelect field.
on the form preview it works when it doesn't show the dual list boxes, but in the AE, I can't get it to only show a single list box.
Here is the form action (Execute Javascript that I'm Using
var myTypeOfWorkField = jQuerySBM(GetFieldByName("TYPE_OF_WORK_COMPLETED"));
myTypeOfWorkField.find("option:contains('COTS')").remove();
myTypeOfWorkField.find("option:contains('Administration')").add();